Redsun Properties Group completes USD234m Hong Kong IPO

Law firm Paul Hastings has advised Redsun Properties Group Limited, a property developer in Jiangsu Province, China, on its USD234 million global offering and IPO on the Hong Kong Stock Exchange.

CCB International Capital Limited, Huatai Financial Holdings (Hong Kong) Limited and ABCI Capital Limited acted as joint global coordinators, together with CMB International Capital Limited, BOCOM International Securities Limited, Haitong International Securities Company Limited and Juhui Financial Securities Limited as joint bookrunners for the listing.
Paul Hastings has worked on some of the most significant Chinese property company listings in Hong Kong, namely China Vanke, Roshine China Holdings, and LVGEM (China), in recent years.
The Paul Hastings team was led by Raymond Li, partner and Chair of Greater China, and partners Zhaoyu Ren and Bonnie Yung, with support from associates Jason Wang, Gladys Tso, Liming Xu, Qianyu Hu and Anny Cheng.